The Asia-Pacific E-coat market is estimated to grow from USD 1.51 billion in 2016 to USD 1.96 billion by 2021, at a CAGR of 5.45% between 2016 and 2021. The market is witnessing moderate growth because of demand for e-coats in end-use industries such as automotive and appliances.

Years considered for this report

2014 – Historical Year

2015 – Base Year

2016 – Estimated Year

2021 – Projected Year

Research Methodology

This study aims to estimate the Asia-Pacific e-coat market for 2016 and forecast its demand till 2021. The report also provides a detailed qualitative and quantitative analysis of the market. Various secondary sources such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the e-coat market in Asia-Pacific. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the e-coat market in Asia-Pacific. The breakdown of profiles of primary interviewees is depicted in the figure below:

Breakdown of Primary Interviews

*Others include sales, marketing, and product managers.

The tiers of the companies are defined based on their total revenue, as of 2014: Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 = <USD 500 million.

“The study answers several questions for the stakeholders, primarily which market segments to focus in the next two-to-five years for prioritizing efforts and investments and competitive landscape of the market”.

Scope of the report:

The Asia Pacific electrocoat market has been covered in detail in this report. To provide an overall picture, the current market demands and forecasts have also been included. The Asia Pacific electrocoat market is segmented as follows:

On the basis of Type:

Cathodic Epoxy

Cathodic Acrylic

Anodic

On the basis of Application:

Passenger Cars

Commercial Vehicles

Automotive Parts & Accessories

Heavy Duty Equipment

Appliances

Others

On the basis of Country:

China

Japan

South Korea

India

Thailand

Indonesia

Malaysia

Vietnam

Singapore

Others

Available Customizations

With the given market data, MicroMarketMonitor offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix which gives a detailed comparison of product portfolio of each company

Country Analysis

Further breakdown of the other Asia-Pacific countries into Australia, Bangladesh, Pakistan, Philippines, Taiwan, and Others

The e-coat market size in Asia-Pacific is estimated to reach USD 1.96 billion by 2021, signifying a firm CAGR of 5.45% between 2016 and 2021. The market registered a moderate growth in the past few years and is expected to continue the same trend in the near future. This growth is driven by the rising automotive and appliances industries. In addition, growing manufacturing activities in the Asia-Pacific region have also been driving the market.

The Asia-Pacific e-coat market has applications mainly in passenger cars, commercial vehicles, heavy duty equipment, automotive parts & accessories, appliances, and other industries that include decorative & hardware, HVAC, steel strapping, general finishing, bulk finishing, and others. The major drivers for this market include superior performance and favorable properties of e-coat, compliance with environmental regulations, low cost, and growth in the end-use industries such as appliances, automotive, construction, and furniture.

E-coat contains polymeric materials such as epoxy and acrylic that are used for decorative and protective purposes. The resin component in the formulation largely determines the processing and end-use performance properties of e-coat. The segmentation of the market is done on the basis of type, namely, cathodic epoxy, cathodic acrylic, and anodic. Cathodic epoxy e-coat is the most popular segment because of its superior adhesion and corrosion resistance properties. It is designed to be compatible with a wide range of liquid and powder topcoat materials. Cathodic acrylic e-coat materials require only one coat because of their excellent resistance to ultraviolet rays. Anodic possess the same properties as cathodic epoxy does. It is used where components must be coated as assemblies that contain heat-sensitive parts such as bearings and seals.

The Asia-Pacific e-coat market is also growing due to huge demand from the automobile industry. The growth in the automobile sector coupled with huge demand for low-VOC coatings has been driving the market for the past few years. India is the fastest-growing market in the region. The automotive industry in India is witnessing a phase of rapid transformation and growth, mainly driven by stable economic growth and infrastructure development. It has emerged as the seventh-largest industry in the world; the auto components industry is gearing up to compliment the vehicle industry’s growth.

Health and environmental concerns regarding VOC content released from e-coat are expected to restraint the growth of the Asia-Pacific Electrocoat Market. Another major challenge faced by manufacturers is the necessity to use different processing tanks for different colors.

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